Stock / Symbol: S&P500 Index / SPX; Option Strategy: reverse iron condor / double vertical; Trade entry date / price: 16 Sep / $1993; Price at this adjustment: $1914; Adjustment: We’re able to close out the put spread here, locking in a 47% return on the trade. We’ll keep the call spread on, just in […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Update: I was filled at a debit of $1.70 per contract. Correction: The Greeks I posted originally were incorrect. The current Greeks are: -0.02 delta, -4.0 theta, and 18 vega. Updated Risk / Reward profile: Max Risk: $170 Max […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Price at trade post: $1993 Reasoning: Normally, I’d be putting on an Iron Condor here on SPX. However, as the market has been quite volatile lately, with the VIX relatively low, and without knowing how the market will react […]